We employ recent data from 59 international emerging and mature stock markets to provide new evidence of a lunar cycle (full and new moon) effect on their stock market returns. Using a threshold generalised autoregressive conditional heteroscedasticity (TGARCH) model, we further examine the...

Following Nocke(2012), we develop a model to explain how firms allocate their organizational capital to different products. Using the Chinese export and tax rebate data, we find that the reduction of export tax rebate causes contraction of product scope , and the less competitive products are...

This paper investigates the inter-temporal relationship between banking profitability, competition and risk of a sample of Chinese commercial banks by employing several profitability and risk indicators and using Seemingly Unrelated Regression (SUR) under a panel data framework over 2003-2009....

We find that, from 1970 to 2006, the GDPs of 181 countries are described by a log-normal with a power law tail before 1992, but by a kinked power law distribution after 1992. In the 15 years from 1992 to 2006, there are two obvious scale-free zones for annual GDPs, ranked from the largest to...

In this paper, the Cohen–Grossberg neural networks with time delays are considered without assuming any symmetry of connection matrix and differentiability of the activation functions. By constructing a novel Lyapunov functional, new sufficient criteria for the existence of a unique...

The finite size scaling theory of the measure of the spectrum of Harper's equation is reexamined. For sequences of fractions tending to a rational limit a simple criterion is derived which determines whether the corrections to scaling behave as (log p)−2 or p−2 as the denominator p is...

This study examines coordination issues that occur in allocating spending between advertising and information technology (IT) in electronic retailing. Electronic retailers run the risk of overspending on advertising to attract customers but underspending on IT, thus resulting in inadequate...

Purpose – The purpose of this paper is to evaluate the determinants of bank profitability in China. It examines the effects of inflation on bank profitability, while controlling for comprehensive bank-specific and industry-specific variables. Design/methodology/approach – The sample...

This article examines the effect of GDP growth on bank profitability in China over the period 2003--2009. The one-step system GMM estimator is used to test the persistence of profitability in the Chinese banking industry. The empirical findings suggest that cost efficiency is positively related...